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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 106 · 40 questions
TalentJR

Business tip (Cost plus a fair markup): Markup (profit on one) = cost × percent ÷ 100. Selling price = cost + markup. Markup percent = (selling price − cost) × 100 ÷ cost. Check the price against what buyers will pay.

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  1. 1.One cup of lemonade costs ₹44 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  3. 3.One clay diya costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  5. 5.One fruit cup costs ₹42 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  6. 6.One painted pebble costs ₹20 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One potted plant costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  8. 8.One potted plant costs ₹30 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  10. 10.One handmade card costs ₹35 to make and Vihaan sells it for ₹42. What is the markup in percent?
  11. 11.One bag of popcorn costs ₹39 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One cup of lemonade costs ₹28 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One cupcake costs ₹56 to make and Ananya sells it for ₹70. What is the markup in percent?
  14. 14.One fruit cup costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One cup of lemonade costs ₹14 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One painted pebble costs ₹55 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One potted plant costs ₹60 to make and Tara sells it for ₹66. What is the markup in percent?
  18. 18.One clay diya costs ₹56 to make and Zoya sells it for ₹70. What is the markup in percent?
  19. 19.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  20. 20.One painted pebble costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One potted plant costs ₹60 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One potted plant costs ₹30 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  24. 24.One fruit cup costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One cupcake costs ₹12 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One cupcake costs ₹54 to make and Saanvi sells it for ₹108. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹26 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One cupcake costs ₹36 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹60 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One cupcake costs ₹10 to make and Kabir sells it for ₹12. What is the markup in percent?
  31. 31.One jute bag costs ₹56 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹25 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹20 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One potted plant costs ₹50 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹30 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹28 to make and Arjun sells it for ₹42. What is the markup in percent?
  37. 37.One painted pebble costs ₹36 to make and Tara sells it for ₹45. What is the markup in percent?
  38. 38.One fruit cup costs ₹55 to make and Farhan sells it for ₹66. What is the markup in percent?
  39. 39.One friendship band costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹12 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 22
  2. what buyers will pay
  3. 3
  4. 10 rupees
  5. 84
  6. 4
  7. 10
  8. 15
  9. cost + a markup
  10. 20
  11. 78
  12. 7
  13. 25
  14. 66
  15. 28
  16. 66
  17. 10
  18. 25
  19. a loss
  20. 5
  21. 6
  22. 33
  23. 10
  24. 22
  25. 6
  26. 100
  27. 39
  28. 45
  29. 72
  30. 20
  31. 14
  32. 5
  33. 4
  34. 55
  35. 3
  36. 50
  37. 25
  38. 20
  39. 22
  40. 12

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